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  • Comment Detail

  • Date: 03/30/23
    First Name: Jerry
    Last Name: Lentfer
    Email: jlentfer@1fsb.bank
    Organization Type: other
    Organization: First State Bank of Nebraska

  • Comment

    At First State Bank Nebraska our Team is continually asking how to improve the delivery of our products
    and services to the client. lt is very satisfying when partners llkeThe Federal Home Loan Ba nk of Topeka
    share the same goals as our team. Banking in an uncertain economic climate, it is reassuring to know
    we have a trusted source of liquidity that is available when needed. We support the FHLB system as a
    source of funding for many banks. Over the years it has been avalued partnership.
    The current ownership of FSBN began in 2001 and since that time the use of FHLB advances have been
    integrat to ourgrowth model. At that time we were a 560 Million dolla r bank a nd today we are
    approaching SlBillion in total assets. lt is safe to say our ability to grow and reach our diverse client
    base has been made possible with FHLB Advances. Along our journey we have encountered a number
    of moments where FHLB was a key partner. ln 2004 an epic Tornado practically leveled the entire
    community of Hallam Nebraska. FHLB was there to help with disaster loan advances for many of the
    home and business owners to rebuild after that devastating event. Additiona lly, through the great
    recession our key communities were impacted by a dramatic slowdown in housing development. With
    the help of FHLB advances, in Hickman Ne, we stepped in to help spur housing development with lower
    rate longer term housing loans in the newly developed housing areas. More recently we have assisted a
    number of clients obtain First Time Homeowner grant, which enable them to get a jump start to home
    ownership. Lastly, we pride ourselves in being uniquely engaged with the success of our
    customers. New Homeowners and new business owners are a great way to help our small and medium
    sized communities grow and prosper. We have continued to support business owners by providing SBA
    guaranteed financing and Farm Service Agency BUaranteed financing to many new and start up business
    owners. As of today, we have over $T3Million of SBA guaranteed loans, and 537 Million of FSA
    loans. This commitment to rural Nebraska could not have happened without the support of FHLB.
    ln conclusion, we would like to share our support for the FHLB system of banks. We understand the
    need for a reliable liquidity source is extremely valuable to our bank mission, and our staff appreciates
    the FHLB team of professional staff members. They provide prompt efficient delivery of the overnight
    funding in addition to the structured advances. They are always eager to help with bank funding
    questions and have made every effort to make sure our needs are met. The ease at which we can react
    is valuable to our daily funding needs.